a simple calculation based on current known info. If all goes well and TIRIS project goes into production in 2026 (take into account some delay which is inevitable), it should add $624mil to AEE's market cap.
mining life
16 years
reserves
40.3Mt
grading
254ppm
est. uranium content
10236.2tones
U price
$58/ounce
Assuming mining cost = $45/ounce
Value of U in the ground ex. Mining cost
$4,693,932,344.40
annual "profit" spread over 16 years
$293,370,771.53
Assumptions:
20% expected rate of return
mining commences in late 2026
Ignore U price appreciation and mining cost inflation
NPV of 16 years "profit" from 2026 to 2042
$802,959,967.14
Less initial investment required
$178,200,000.00
NPV of TIRIS project alone
$624,759,967.14
AEE Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
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